Prudential PLC cut its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 44.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,548 shares of the real estate investment trust’s stock after selling 43,600 shares during the period. Prudential PLC’s holdings in ANNALY CAP MGMT/SH were worth $488,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NLY. Rocky Mountain Advisers LLC bought a new stake in ANNALY CAP MGMT/SH in the second quarter valued at approximately $30,000. Marshall Wace LLP bought a new stake in ANNALY CAP MGMT/SH in the first quarter valued at approximately $30,000. CSat Investment Advisory L.P. bought a new stake in ANNALY CAP MGMT/SH in the second quarter valued at approximately $35,000. Kistler Tiffany Companies LLC bought a new stake in ANNALY CAP MGMT/SH in the second quarter valued at approximately $36,000. Finally, NuWave Investment Management LLC boosted its holdings in ANNALY CAP MGMT/SH by 66.8% in the second quarter. NuWave Investment Management LLC now owns 4,391 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,758 shares during the last quarter. Institutional investors and hedge funds own 54.50% of the company’s stock.
Shares of ANNALY CAP MGMT/SH stock traded up $0.01 on Friday, reaching $8.67. 109,349 shares of the company’s stock were exchanged, compared to its average volume of 15,259,250. The company has a market capitalization of $12.61 billion, a P/E ratio of 7.23 and a beta of 0.40. ANNALY CAP MGMT/SH has a 52 week low of $8.07 and a 52 week high of $10.51. The firm’s 50-day moving average is $8.67 and its two-hundred day moving average is $9.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date is Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
Several analysts recently commented on NLY shares. Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Monday, August 5th. UBS Group cut ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and cut their price target for the stock from $9.50 to $8.00 in a report on Tuesday, September 3rd. Royal Bank of Canada assumed coverage on ANNALY CAP MGMT/SH in a report on Wednesday. They set an “outperform” rating and a $10.00 price target on the stock. JPMorgan Chase & Co. cut their price target on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, ValuEngine upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. ANNALY CAP MGMT/SH has an average rating of “Buy” and an average price target of $10.07.
ANNALY CAP MGMT/SH Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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